Skyline Properties — SoHo
SoHo submarket primer for institutional principals: the SoHo Cast-Iron Historic District boundary, prime retail PSF benchmarks on West Broadway and Greene/Prince/Spring, and the 2024 SoHo/NoHo rezoning that re-shaped conversion economics. Anchored to the $50M 131-133 Prince Street comp (Acadia Realty Trust, $16,667/SF retail co-op record). For the SoHo buy / sell brokerage pillar, see SoHo Commercial Real Estate.
Retail Rent/SF
Cap Rate Range
Cast Iron Buildings
Historic District
SoHo Submarkets
Cast Iron District
Historic landmark district featuring iconic cast-iron facades. Prime retail and gallery spaces on Greene, Mercer, and Wooster Streets.
West Broadway Corridor
Main retail artery of SoHo with flagship stores and high foot traffic. Premium rents for street-level retail.
Broadway Frontage
Eastern edge of SoHo along Broadway with larger floor plates and office/retail mix.
Property Types in SoHo
Cast Iron Lofts
Avg: 25,000 SF
Retail Co-ops
Avg: 5,000 SF
Mixed-Use
Avg: 35,000 SF
Development Sites
Avg: 15,000 BSF
SoHo Real Estate FAQ
What is the average cap rate for SoHo commercial properties?
SoHo commercial cap rates typically range from 4.0% to 5.5% depending on property type and location. Prime retail on West Broadway and Greene Street trades at 4.0-4.5%, while mixed-use buildings on secondary streets can reach 5.0-5.5%. The historic cast-iron architecture and limited supply command premium pricing.
What types of commercial properties are available in SoHo?
SoHo offers diverse commercial property types including cast-iron loft buildings, retail condos and co-ops, mixed-use buildings with residential above retail, and development sites. Many buildings feature landmark status which preserves architectural character but limits modifications. Skyline Properties specializes in off-market SoHo acquisitions.
What makes SoHo attractive for commercial real estate investment?
SoHo combines historic architecture, high-street retail demand, affluent residential population, and strong tourism. The neighborhood attracts luxury brands, galleries, and high-end retailers willing to pay premium rents. Limited new development due to landmark restrictions ensures scarcity value for existing properties.
How do I sell a commercial property in SoHo off-market?
Skyline Properties specializes in confidential off-market transactions in SoHo. We connect property owners with qualified institutional buyers, family offices, and REITs seeking prime retail and mixed-use assets. Contact Robert Khodadadian for a confidential valuation and buyer matching.
Own Property in SoHo?
Get a confidential valuation from NYC's leading off-market broker. Robert Khodadadian has closed $976M+ in transactions and maintains relationships with qualified buyers seeking SoHo properties.